February 16, 2018: [stock_quote symbol=”FTFT” show=”name” decimals=”2″ number_format=”sd” template=”” raw=”0″ class=”quote”] was a pretty easy play today when it popped up on my intraday stock scanner (EquityFeed). I was trying to get in at around 3.50 but it was moving too fast. However,$FTFT had a decent amount of range to play with so I was able to chase within reason.
I got in at 3.65 with 2K shares and exited $FTFT at $4.10 for a quick $889. You can see it ran out of gas when the 30m chart RSI crossed above 80, MFI levels almost touched 100 and it was trading well over the Keltner Band (20,2) and Bollinger Band(20,2) indicating a strong pullback was coming.
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